Justin Besspiata

Managing Director – Northeast Regional Director

MetLife

(MetLife Investment Management)

Owner

1 MetLife Wy, Whippany, NJ 07981

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MetLife NYC portfolio

$138.8 million -condo 58%, office 21%, elevator 20%; Manhattan 54%, Brooklyn 45%*

1231th largest portfolio by dollar value

273,494 sqft – office 53%, condo 31%, elevator 15%; Manhattan 68%, Brooklyn 31%

1288th largest by SF

4 properties – Manhattan 50%, Brooklyn 50%

2243th largest

78 residential units – Brooklyn 100%

2110th largest by residential units

4 foreclosures, 0 bankruptcies, 33 other court cases.

Person Activity past 24 months:

Lender signatory: 1 for $47.1 million

Top Ten Associated People:

Elaine Shay (1), Michael Kazmierski (1), Jeffrey Lam (1), Lloyd Goldman (1), Jeffrey Feil (1)

Recent activity as signatory:

• Kaufman Organization and Two Sigma Investments borrowed $47.1 million from MetLife for 46 West 25 Street on March 19, 2026.

• Muss Development borrowed $25.2 million from Argentic Investment Management for 350 Jay Street, Downtown Brooklyn, Brooklyn on July 30, 2024.

• ATCO Properties & Management sold 246 West 35 Street for $30 million to MetLife on June 26, 2024.

• Twining Properties, Principal Real Estate Investors and BedRock Real Estate Partners borrowed $39 million from Principal Real Estate Investors for 27-19 44 Drive on February 01, 2024.

• BLDG Management and Feil Organization borrowed $33.6 million from MetLife for 30 East 49 Street on October 31, 2023.

• Lam Generation borrowed $120 million from MetLife for 118 West 25 Street on October 16, 2023.

Latest Stories:

• Kaufman Investments, Two Sigma pay $51M for office in Flatiron District (March 26, 2026)

• Lam Generation signs $123M refi loan with Deutsche Bank for hotel in Chelsea (October 24, 2025)

• MetLife as former lender acquires ATCO’s Garment District building through $30M foreclosure (July 10, 2024)

• $74.7M foreclosure auction scheduled May 29 for ATCO’s Garment District building, 3rd large auction that day (May 08, 2024)

• Lam Generation signs $120M refi loan with MetLife for hotel in Chelsea (November 07, 2023)

• MetLife files $72.7M pre-foreclosure at ATCO Garment District office building (July 05, 2023)

• Muss Development signs $26.6M refi loan with Metlife for office building in Brooklyn (August 02, 2021)

• Principal Real Estate borrows $39M from Metlife for 168-unit LIC rental (February 08, 2021)

• Kaufman Organization, AXA borrow $50M from Metlife for recently acquired office building in Flatiron (December 24, 2019)

• Kaufman Organization and Axa Financial pay $122M to Unizo Holdings for office property in Flatiron (December 04, 2019)

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